Procter & Gamble Company (The) (NYSE:PG)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group LLC in a note issued to investors on Wednesday. They presently have a $104.00 price objective on the stock, up from their previous price objective of $103.00. Jefferies Group LLC’s price target indicates a potential upside of 10.17% from the company’s previous close. Jefferies Group also issued estimates for Procter & Gamble Company (The)’s Q1 2018 earnings at $1.09 EPS, Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.06 EPS, Q4 2018 earnings at $0.89 EPS, FY2018 earnings at $4.22 EPS, FY2019 earnings at $4.54 EPS and FY2020 earnings at $4.88 EPS.

A number of other brokerages also recently weighed in on PG. Macquarie began coverage on Procter & Gamble Company (The) in a report on Thursday, September 14th. They issued an “outperform” rating and a $102.00 target price on the stock. Vetr raised Procter & Gamble Company (The) from a “sell” rating to a “hold” rating and set a $93.02 target price on the stock in a report on Friday, September 15th. BidaskClub raised Procter & Gamble Company (The) from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Bank of America Corporation raised their target price on Procter & Gamble Company (The) from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $92.00 target price (up previously from $90.00) on shares of Procter & Gamble Company (The) in a report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $90.00.

Procter & Gamble Company (NYSE PG) opened at 92.64 on Wednesday. The firm has a 50-day moving average price of $92.38 and a 200 day moving average price of $89.61. The company has a market cap of $236.23 billion, a P/E ratio of 16.56 and a beta of 0.68. Procter & Gamble Company has a 12 month low of $81.18 and a 12 month high of $94.50.

Procter & Gamble Company (The) (NYSE:PG) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.07. The business had revenue of $16.08 billion for the quarter, compared to the consensus estimate of $16.01 billion. Procter & Gamble Company (The) had a return on equity of 19.97% and a net margin of 23.56%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 earnings per share. On average, equities analysts expect that Procter & Gamble Company will post $4.17 earnings per share for the current year.

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In related news, Vice Chairman Jon R. Moeller sold 6,063 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $92.04, for a total transaction of $558,038.52. Following the completion of the transaction, the insider now directly owns 120,734 shares of the company’s stock, valued at approximately $11,112,357.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Suranjan Magesvaran sold 10,512 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $91.00, for a total value of $956,592.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,792 shares of company stock valued at $4,216,070. 0.35% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in PG. Asset Planning Services Ltd. raised its position in shares of Procter & Gamble Company (The) by 0.4% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares in the last quarter. Harding Loevner LP bought a new position in shares of Procter & Gamble Company (The) in the 2nd quarter worth about $119,000. Blume Capital Management Inc. raised its position in shares of Procter & Gamble Company (The) by 25.4% in the 2nd quarter. Blume Capital Management Inc. now owns 1,482 shares of the company’s stock worth $129,000 after acquiring an additional 300 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its position in shares of Procter & Gamble Company (The) by 11.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,603 shares of the company’s stock worth $144,000 after acquiring an additional 170 shares in the last quarter. Finally, Edge Wealth Management LLC raised its position in shares of Procter & Gamble Company (The) by 17.1% in the 1st quarter. Edge Wealth Management LLC now owns 1,640 shares of the company’s stock worth $148,000 after acquiring an additional 240 shares in the last quarter. 59.29% of the stock is owned by institutional investors and hedge funds.

About Procter & Gamble Company (The)

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Analyst Recommendations for Procter & Gamble Company (The) (NYSE:PG)

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